H.R. 561, Reopen Small Businesses Safely Act
Summary
H.R. 561, the Reopen Small Businesses Safely Act, is a bill to direct the Administrator of the Small Business Administration to issue rules or guidance on the ability of borrowers to use economic injury disaster loan proceeds for covered worker protection expenditures. Lieu, Fitzpatrick, Suozzi, Case, Rice of New York and Craig introduced it in the House of Representatives on January 28, 2021, and it was referred to the Committee on Small Business. Not later than 10 days after enactment, the Administrator would issue the rules or guidance so that a borrower of a loan made under section 7(b)(2) of the Small Business Act may use the proceeds for those expenditures. The Act would apply to loans made on or after enactment and to loans made before enactment that are in repayment.
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Cite this document
“H.R. 561, Reopen Small Businesses Safely Act.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-117hr561ih-bills-117hr561ih/
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I
117TH CONGRESS
1ST SESSION
H. R. 561
To direct the Administrator of the Small Business Administration to issue
rules or guidance on the ability of borrowers to use economic injury
disaster loan proceeds for covered worker protection expenditures, and
for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JANUARY 28, 2021
Mr. LIEU (for himself, Mr. FITZPATRICK, Mr. SUOZZI, Mr. CASE, Miss RICE
of New York, and Ms. CRAIG) introduced the following bill; which was
referred to the Committee on Small Business
A BILL
To direct the Administrator of the Small Business Adminis-
tration to issue rules or guidance on the ability of bor-
rowers to use economic injury disaster loan proceeds
for covered worker protection expenditures, and for other
purposes.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Reopen Small Busi-
5 nesses Safely Act’’.
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1 SEC. 2. USE OF ECONOMIC INJURY DISASTER LOAN PRO-
2 CEEDS FOR COVERED WORKER PROTECTION
3 EXPENDITURES.
4 (a) IN GENERAL.—Not later than 10 days after the
5 date of the enactment of this Act, the Administrator of
6 the Small Business Administration shall issue such rules
7 or guidance necessary to ensure that a borrower of a loan
8 made under section 7(b)(2) of the Small Business Act (15
9 U.S.C. 636(b)(2)) may use the proceeds of such loan for
10 covered worker protection expenditures (as defined in sec-
11 tion 7A(a) of the Small Business Act).
12 (b) APPLICABILITY.—This Act shall apply to a loan
13 made under section 7(b)(2) of the Small Business Act (15
14 U.S.C. 636(b)(2))—
15 (1) on or after the date of the enactment of this
16 Act; or
17 (2) before the date of the enactment of this Act
18 that is in repayment on such date of the enactment.
Æ
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